Hamilton company uses job-order costing. manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. any underapplied or overapplied manufacturing overhead is closed to cost of goods sold at the end of each month. additional information is available as follows: *job 101 was the only job in process at january 31. the job cost sheet for this job contained the following costs at the beginning of the month: direct materials-$4000, direct labor-$2000, applied manufacturing overhead-$3000 jobs 102, 103, and 104 were started during february. *direct materials requisitions for february totaled $26,000. *direct labor cost of $20,000 was incurred for february. *actual manufacturing overhead was $32,000 for february. *the only job still in process at february 28 was job 104, with costs of $2,800 for direct materials and $1,800 for direct labor. for the month of february, the manufacturing overhead was: a. $700 overapplied b. $1000 overapplied c. $2000 overapplied d. $2000 underapplied